Products tagged with 'assignment of lease'

Idaho landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of Idaho.

Illinois landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of Illinois.

Indiana landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of Indiana.

Iowa landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

The Assignment of Lease by Landlord form is designed specifically for Iowa landlords who wish to transfer their tenant's lease to a new owner following the sale of the rental property. This straightforward and user-friendly document ensures a smooth transition for all parties involved.

Parties Involved

This assignment form is executed between three parties: the current landlord, the purchaser of the property (who becomes the new landlord), and the tenant. It formalizes the agreement by which the current landlord assigns the lease to the new landlord, with the tenant agreeing to pay rent and fulfill all lease obligations to the new owner.

Tenant Obligations

Upon execution of the assignment, the tenant commits to continue paying rent to the new landlord and to uphold all responsibilities as specified in the original lease agreement.

Indemnification

The current landlord and the new landlord (purchaser) mutually agree to indemnify each other. This means that each party will protect the other from any claims or legal actions that may arise from a breach of the terms outlined in the assignment agreement.

Applicability

This Assignment of Lease form is suitable for use with both commercial and residential rental properties. It provides flexibility for landlords managing various types of rental arrangements.

Format and Usage

The form is available in MS Word format for ease of customization and use. It is intended solely for transactions taking place within the State of Iowa.

KS landlords, assign a current lease to the purchase of a rental property with this Kansas Assignment of Lease by Landlord.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of Kansas.

Kentucky landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the Commonwealth of Kentucky.